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Stock Market & Financial Investment News

News For GUID;HPQ From The Last 14 Days
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October 20, 2014
12:09 EDTHPQIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:25 EDTHPQIBM CEO says company already has been aggressive on changing
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October 17, 2014
06:24 EDTHPQStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTHPQGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:21 EDTHPQHP dismisses concerns about drop in global notebook market share, DigiTimes says
HP has dismissed concerns from Taiwan supply chain makers that say the company's global notebook market share may drop significantly following the split, reports DigiTimes. According to makers, HP said it will maintain notebook operations with 2015 target shipments of at least 31M units. Reference Link
October 16, 2014
07:21 EDTHPQHP split-up speaks to value of businesses, says Brean Capital
Brean Capital thinks the HP plan to split into two companies speaks to the inherent value of its businesses. The firm believes the split could be a beginning, with the next phase consisting of M&A activity. Brean Capital maintains its Buy rating and $45 price target on HP shares.
October 15, 2014
12:36 EDTHPQOn The Fly: Midday Wrap
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10:02 EDTHPQOn The Fly: Analyst Downgrade Summary
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09:20 EDTHPQOn The Fly: Pre-market Movers
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08:15 EDTHPQHP resumes buyback with EMC merger talks reportedly over
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08:08 EDTHPQHP up 1% to $32.60 after resuming buyback, reaffirming outlook
08:07 EDTHPQHP reaffirms outlook for FY14, FY15
HP reaffirms its FY14 estimate of non-GAAP EPS to be in the range of $3.70-$3.74, which excludes after-tax costs of approximately $1.10 per share, related primarily to restructuring charges and amortization of intangible assets. The consensus estimate is $3.73. For FY15, HP reaffirms its estimate of non-GAAP EPS to be in the range of $3.83-$4.03, which excludes after-tax costs of approximately 60c per share, related primarily to amortization of intangible assets and restructuring charges. The consensus estimate is $3.94. HP reaffirms its FY15 operating cash flow outlook of $10B-$10.5B, with free cash flow of $6.5B-$7B.
08:04 EDTHPQHP resumes share repurchase program under current authorization
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08:03 EDTHPQHP announces resumption of share buyback program
06:32 EDTHPQTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:14 EDTHPQHP, EMC halt merger agreement discussions, Reuters says
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October 14, 2014
07:47 EDTHPQHP awarded $50M Medicaid contract extension by Massachusetts
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October 13, 2014
11:46 EDTHPQHP nears six-month lows, levels to watch
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09:23 EDTHPQHP could buy lower valuation company, says Bernstein
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09:21 EDTHPQOn The Fly: Pre-market Movers
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October 10, 2014
17:29 EDTHPQSilver Lake said to shelve effort to buy Shutterfly, Snapfish, Bloomberg says
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17:14 EDTHPQMarket ends week lower amid global growth worries
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16:58 EDTHPQSilver Lake said to shelve effort to buy Shutterfly, Snapfish, Bloomberg says
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10:01 EDTHPQOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
October 9, 2014
16:59 EDTHPQJefferies initiates IT Hardware space, names Western Digital top pick
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16:21 EDTHPQHP initiated with a Hold at Jefferies
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11:13 EDTHPQHP management to meet with Oppenheimer
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08:53 EDTHPQAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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07:34 EDTHPQHP has room to grow, gave conservative guidance, says Brean Capital
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06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:52 EDTHPQTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
October 8, 2014
16:56 EDTHPQGartner says worldwide PC shipments in Q3 declined 0.5%
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11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
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09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
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06:13 EDTHPQNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
11:27 EDTHPQHP non-public info may relate to Rackspace, Betaville speculates
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10:43 EDTHPQOptions with decreasing implied volatility
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08:09 EDTHPQHP undisclosed info seen pointing to life in EMC talks, Bloomberg reports
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October 6, 2014
16:20 EDTHPQOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
16:00 EDTHPQOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
12:41 EDTHPQOn The Fly: Midday Wrap
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12:09 EDTHPQHP hits session highs, levels to watch
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11:58 EDTHPQHP upgraded to Outperform from Neutral at Credit Suisse
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11:02 EDTHPQHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
11:00 EDTHPQOptions with decreasing implied volatilit
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10:39 EDTHPQHP price target raised to $39 from $34.50 at Cantor
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09:25 EDTHPQOn The Fly: Pre-market Movers
HIGHER: HP (HPQ), up 5% after confirming plans to separate into two companies... CareFusion (CFN), up 24% after Becton Dickinson (BDX) agreed to acquire the company for $58 per share in $12.2B deal. Becton Dickinson shares are up 7% following the news... Chimerix (CMRX), up 7% after announcing announced that brincidofovir has been provided for potential use in patients with Ebola Virus Disease... Conn's (CONN), up 6.5% after announcing that it is exploring strategic alternatives... TASER (TASR), up 5% after announces multiple orders of TASER Smart Weapons... Tableau (DATA), up 3.5% after upgraded at Morgan Stanley... Splunk (SPLK), up 3.9% after upgraded at Morgan Stanley... Unilife (UNIS), up 52% after signing a 15-year commercial supply agreement with Sanofi (SNY). LOWER: RadioShack (RSH), down 5% after confirming definitive agreements to restructure debt... Alcobra (ADHD), down 43% after announcing results from Phase III study of MDX in adult ADHD... Sunesis (SNSS), down 71% after announcing Phase 3 VALOR trial did not meet primary endpoint... H&R Block Bank (HRB), down 5% after deal with BofI (BOFI) not expected to get regulatory approval this year. Tekmira (TKMR), down 8% after downgraded at Leerink.
09:22 EDTHPQHP CEO says revenue growth 'not at issue' regarding split
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08:27 EDTHPQHP says 'actively' looking at M&A throughout the year
08:20 EDTHPQHP says additional 5,000 job cuts 'not linked to separation agreement'
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08:14 EDTHPQHP says Q4 tracking in line with previously provided non-GAAP outlook
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07:33 EDTHPQHP to host conference call
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07:09 EDTHPQBusiness rationale for HP split not very clear, says Bernstein
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07:02 EDTHPQHP up 7.8% after announcing separation transaction
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06:58 EDTHPQHP now sees FY15 revenue growth approx. flat y/y in constant currency
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06:53 EDTHPQHP split is smart move, says Cantor
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06:47 EDTHPQHP sees FY15 free cash flow $6.5B-$7B
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06:46 EDTHPQHP reports 36K employees left as of Q3 as part of restructuring program
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06:42 EDTHPQHP's former Chairman Ralph Whitwork comments on separation
Ralph Whitworth, founder of Relational Investors and former Chairman of HP’s board issued the following statement: “HP's board and management have made a brilliant value-enhancing move at the perfect time in the turnaround. Today's announcement sets out bold, logical and highly compelling steps that will align the company's assets within more strategically and operationally focused corporate structures. Shareholders will now be able to invest in the respective asset groups without the fear of cross-subsidies and inefficiencies that invariably plague large business conglomerates. At the same time, management can better design strategic plans, incentives and market initiatives to suit the varying growth rates, capital intensity, and market objectives of these more focused and nimble companies. The new companies will be better positioned to address today's light-speed market dynamics and customer needs, and with distinct and compelling financial profiles and strong leadership teams, accelerate growth and shareholder value creation.”
06:39 EDTHPQHP intends separation to be tax-free to holders
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06:38 EDTHPQSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:35 EDTHPQHP sees FY15 EPS $3.83-$4.03, consensus $3.95
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06:34 EDTHPQHP backs FY14 EPS view of $3.70-$3.74, consensus $3.73
06:33 EDTHPQHP confirms separation into two companies
HP announced plans to separate into two new publicly traded Fortune 50 companies: one comprising HP's market-leading enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's market-leading personal systems and printing businesses, which will do business as HP Inc. and retain the current logo. Immediately following the transaction, which is expected to be completed by the end of fiscal 2015, HP shareholders will own shares of both Hewlett-Packard Enterprise and HP Inc. The transaction is intended to be tax-free to HP's shareholders for federal income tax purposes. Hewlett-Packard Enterprise will build upon HP's leading position in servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform. Meg Whitman to be president and CEO of Hewlett-Packard Enterprise; Pat Russo to be chairman of the Hewlett-Packard Enterprise board. Dion Weisler to be president and CEO of HP Inc.; Meg Whitman to be chairman of the HP Inc. board.
06:31 EDTHPQHP confirms separation into two companies
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06:26 EDTHPQHP October volatility elevated, plans to separate into two companies, reports
HP October option implied volatility is at 35, November is at 27, December is at 28; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into reports of plans to separate into two companies.
06:19 EDTHPQHP facing competition from Lenovo in PCs, servers, WSJ reports
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06:12 EDTHPQHP breakup could drive 40%-90% upside, says Citigroup
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05:29 EDTHPQHP split to be viewed positively by shareholders, says Deutsche Bank
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